Privacy concerns regarding Dutch UBO register

On June 9, two major Dutch business lobby organizations expressed privacy concerns in a letter to the Minister of Economic Affairs and the Minister of Security and Justice (source document in Dutch) regarding the implementation of the Fourth Anti-Money Laundering Directive. The Directive requires EU member states to establish a register of ultimate beneficiary owners ("UBOs"), which would contain information about persons holding at least 25 percent of the voting rights or capital interest in a company.

Country: Netherlands

Domains: Privacy IG

Stakeholder: Government

Tags: business, EU law, anti-money laundering, register, Netherlands, personal data, privacy

Posted on Thursday 17 September 2015

Previous item: « Proposed new law gives intelligence services broader powers Next item: EU-US Umbrella agreement could open US courts to EU litigants »